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Workspace Group PLC (WKP.L)

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Latest Key Developments (Source: Significant Developments)

Workspace Says Granted Planning Permission For Refurbishment At Shaftesbury Centre
Tuesday, 10 Apr 2018 02:00am EDT 

April 10 (Reuters) - Workspace Group PLC ::HAS BEEN GRANTED PLANNING PERMISSION FOR A MAJOR REFURBISHMENT AT SHAFTESBURY CENTRE IN LADBROKE GROVE, W10..  Full Article

Workspace reports HY net rental income growth of 21 pct
Wednesday, 8 Nov 2017 02:00am EST 

Nov 8 (Reuters) - Workspace Group Plc ::WORKSPACE GROUP PLC - ‍INTERIM RESULTS​.WORKSPACE - HY GROWTH IN NET RENTAL INCOME YOY OF 21% TO £46.1M, RESULTING IN 25% GROWTH IN ADJUSTED TRADING PROFIT AFTER INTEREST TO £29.4M​.WORKSPACE GROUP PLC - ‍HY PROFIT BEFORE TAX OF £123.7M WITH A SIGNIFICANT UPLIFT IN PROPERTY VALUATION (30 SEPTEMBER 2016: £7.1M)​.WORKSPACE GROUP PLC - HY ‍EPRA NET ASSET VALUE PER SHARE OF £10.14, UP 6.4% IN SIX MONTHS​.WORKSPACE GROUP PLC - ‍UNDERLYING INCREASE OF 3.5% IN PROPERTY VALUATION TO £2,139M IN SIX MONTHS​.WORKSPACE GROUP PLC - ‍30% INCREASE IN INTERIM DIVIDEND TO 8.84P​.WORKSPACE GROUP PLC - ‍LOAN TO VALUE AT 20% WITH UNDRAWN FACILITIES (INCLUDING CASH) OF £243M AT PERIOD END​.  Full Article

Office space provider Workspace sells property for 14 mln stg
Monday, 11 Sep 2017 04:37am EDT 

Sept 11 (Reuters) - Workspace Group Plc :WORKSPACE GRP PLC - DISPOSAL.‍ANNOUNCES THE EXCHANGE OF CONTRACTS FOR DISPOSAL OF STRATFORD OFFICE VILLAGE, E15, FOR £14M​.‍SITE CURRENTLY CONSISTS OF 52,000 SQ. FT. OF SELF-CONTAINED OFFICES​.  Full Article

Office space provider Workspace sells industrial estate property for 30 mln stg
Wednesday, 30 Aug 2017 02:00am EDT 

Aug 30 (Reuters) - Workspace Group Plc :WORKSPACE GRP PLC - DISPOSAL.PLEASED TO ANNOUNCE EXCHANGE OF CONTRACTS FOR DISPOSAL OF ZENNOR ROAD INDUSTRIAL ESTATE IN BALHAM, SW12, FOR 30 MLN STG.PROPERTY WAS SOLD AT A PREMIUM OF 84 PCT (13.7 MLN STG) TO 31 MARCH 2017 VALUATION OF 16.3 MLN STG, AT A NET INITIAL YIELD OF 2.9 PCT.  Full Article

Workspace Group completes of 200 mln stg private placing
Monday, 21 Aug 2017 06:19am EDT 

Aug 21 (Reuters) - WORKSPACE GROUP PLC ::‍COMPLETED RAISING OF 200 MLN STG THROUGH ISSUE OF £80M EIGHT-YEAR NOTES AND 120 MLN STG TEN- YEAR NOTES, PREVIOUSLY ANNOUNCED ON 28 JULY​.  Full Article

Workspace announces private placement of 200 mln stg
Friday, 28 Jul 2017 02:00am EDT 

July 28 (Reuters) - WORKSPACE GROUP PLC ::PRIVATE PLACEMENT OF 200 MLN STG.SAYS ‍PRIVATE PLACEMENT COMPRISED OF £80M EIGHT-YEAR NOTES AND £120M 10-YEAR NOTES​.SAYS ‍NEW NOTES WILL BE PLACED WITH EIGHT UK AND US INSTITUTIONAL INVESTORS​.SAYS ‍ALL AGREEMENTS ARE SUBJECT TO FINAL DOCUMENTATION WITH TRANSACTION EXPECTED TO COMPLETE ON 16 AUGUST 2017​.SAYS ‍PROCEEDS WILL BE USED TO FUND GROUP'S INVESTMENT PLANS​.  Full Article

Workspace says records strong customer demand in Q1
Friday, 14 Jul 2017 02:33am EDT 

July 14 (Reuters) - Workspace Group Plc :Strong customer demand in Q1, with enquiries averaging 1,055 per month (FY 2016/17: 1,060) and lettings averaging 95 per month (FY 2016/17: 99).Q1 LTV ratio of 21% at 30 June 2017, with cash and undrawn facilities of £79m."Had a very busy and successful start to new financial year with robust demand from customers"- CEO.Net debt increased by £194m to £436m at 30 June 2017.  Full Article

Workspace Group buys a London property for 158.7 mln stg
Friday, 23 Jun 2017 02:00am EDT 

June 23 (Reuters) - Workspace Group Plc ::It has acquired Salisbury House at 28-31 Finsbury Circus, London EC2, for a cash consideration of 158.7 mln stg.‍Property has a gross asset value of 158.7 mln stg and generated net rental income of 8.1 mln stg over last 12 months​.Building is held on a long leasehold from city of london corporation.Transaction will be funded from workspace's existing resources, an additional 100 mln stg of five-year revolver facilities.  Full Article

Workspace says to sell Residential Redevelopment in Bow
Monday, 19 Jun 2017 02:00am EDT 

June 19 (Reuters) - Workspace Group Plc ::Announces exchange of contracts for disposal of third and final phase of mixed-use redevelopment of Bow Enterprise Park, E3.Final phase of redevelopment, comprising 130 residential units, sold for £6.3m in cash and return of new 40,000 sq ft business centre.  Full Article

Workspace responds to media speculation
Thursday, 8 Jun 2017 02:00am EDT 

June 8 (Reuters) - Workspace Group Plc :Response to media speculation.‍Notes media speculation regarding potential acquisition of Salisbury house at 28-31 Finsbury Circus, EC2 for around £158 million.​.‍Confirms that it is in discussions for asset in question​.‍No certainty that any transaction will proceed and a further announcement will be made by Workspace if and when appropriate​.  Full Article